Canada has initiated a formal dispute complaint against the United States at the World Trade Organization (WTO) over its imposition of import duties on certain steel and aluminium products from Canada.
The trade body which revealed this on Thursday also said that the request was circulated to its members.
Under the dispute settlement understanding - a legal text which outlines various processes of settling trade disputes at the WTO, “the consultations allow parties involved to clarify the facts of the matter and claims of the claimant.
“It also serves to either lay the foundation for a settlement or for further proceedings”
Canada claims that the recent measures which terminate Canada’s exemption from additional duties on steel and aluminum products are inconsistent with US obligations under the General Agreement on Tariffs and Trade (GATT) 1994.
This comes a day after it imposed a 25% tit for tat tariff on US goods including steel, computers and sports equipment.
U.S. President Donald Trump, speaking to reporters in the Oval Office on Thursday, suggested he was not going to change his mind on tariffs.
"We've been ripped off for years and we're not going to be ripped off anymore. I'm not going to bend at all, aluminium or steel or cars," he said.
He also threatened the EU with a 200% tariff hike on wine exports if it doesn’t remove its tariff increase on American whiskey products in an escalation of ongoing tariff tit for tat.
The European Union is yet to react to President Trump’s latest tariff threat as the possibility of a global trade war continues to agitate financial markets and raise fears of economic recession.
Meanwhile G7 ministers meeting in Canada have called for a de-escalation of an impending trade war saying that “a trade war is not convenient for anyone”.
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At least 31 killed, scores wounded in suicide attack on religious site in Islamabad.
Lebanese Army Commander Gen. Rodolphe Haykal met with senior U.S. officials in Washington, D.C., this week to discuss strengthening military and security cooperation, regional developments and the challenges facing Lebanon, the Lebanese army said on Friday.
Storm Leonardo has swept across the Iberian Peninsula, causing widespread flooding, landslides and transport disruption in Portugal and Spain, leaving at least one person dead and forcing thousands to evacuate as authorities issued urgent warnings.
Iran’s Islamic Revolutionary Guard Corps (IRGC) has deployed one of its largest ballistic missiles at a newly unveiled underground base on Wednesday (3 February), just two days ahead of mediated nuclear talks with the United States in Muscat, Oman.
Iran’s Islamic Revolutionary Guard Corps (IRGC) has deployed one of its largest ballistic missiles at a newly unveiled underground base on Wednesday (3 February), just two days ahead of mediated nuclear talks with the United States in Muscat, Oman.
Morocco has evacuated more than 100,000 people from four provinces after heavy rainfall triggered flash floods across several northern regions, the Interior Ministry said on Wednesday.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Winter weather has brought air travel in the German capital to a complete halt, stranding thousands of passengers as severe icing conditions make runways and aircraft unsafe for operation and force authorities to shut down one of Europe’s key transport hubs.
Israeli tank shelling and airstrikes killed 24 Palestinians including seven children in Gaza on Wednesday (4 February), health officials said, the latest violence to undermine the nearly four-month-old ceasefire.
U.S. and Ukrainian negotiators have discussed an ambitious goal of reaching a peace agreement between Russia and Ukraine by March, though the timeline is widely viewed as unrealistic due to deep disagreements over territory, according to multiple sources familiar with the talks.
At least 31 killed, scores wounded in suicide attack on religious site in Islamabad.
Lebanese Army Commander Gen. Rodolphe Haykal met with senior U.S. officials in Washington, D.C., this week to discuss strengthening military and security cooperation, regional developments and the challenges facing Lebanon, the Lebanese army said on Friday.
Escalating clashes in South Kivu’s highlands are sending a rising flow of wounded to Fizi’s small general hospital, where staff warn they are running out of space and supplies as the conflict expands across remote areas.
Storm Leonardo has swept across the Iberian Peninsula, causing widespread flooding, landslides and transport disruption in Portugal and Spain, leaving at least one person dead and forcing thousands to evacuate as authorities issued urgent warnings.
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